The shares of Compass Inc. plunged in after-hours trading Monday after the real estate brokerage and technology provider lowered its annual revenue forecast and revealed plans to cut costs as a result of a downturn in the housing market. Compass COMP, -0.43% executives cut their annual sales forecast by about $1.5 billion, with the current … Read more
Font size Tesla generates about a quarter of its sales in China. Patrick T. Fallon/AFP via Getty Images The economic data coming out of China is not great. And that’s not good for US companies that do a lot of business in the country, including 3M , Tesla and many other manufacturers. China had an … Read more
Prime Minister Anthony Albanese says the government will investigate claims that former Prime Minister Scott Morrison has secretly empowered himself to jointly head the Ministries of Health, Finance and Resources during the COVID-19 pandemic. Most important points: Scott Morrison secretly took joint charge of several portfolios during the COVID-19 pandemic Cabinet ministers were kept in … Read more
Former Prime Minister Malcolm Turnbull says he is “surprised” that the governor general was willing to agree to Scott Morrison’s secret appointment to multiple portfolios within his own cabinet. Most important points: Malcolm Turnbull says news of Scott Morrison’s secret wallets is “one of the most appalling things I’ve ever heard in our federal government” … Read more
A senior doctor at Adelaide’s largest hospital says the health system is under “siege” and points to Monday as the busiest day. Most important points: Hospitals in South Australia tend to be busiest on Mondays Discharging patients on weekends is more difficult due to fewer available services Patients who come in for elective surgery on … Read more
The Nasdaq Composite is officially in a new bull market. The tech-focused index rose 2.9% on Wednesday, reflecting a rise of more than 20% from its mid-June low. It climbed alongside other major indices after softer-than-expected inflation raised hopes that the Federal Reserve could soon moderate the pace of its rate hike campaign.
AMC Entertainment Holdings Inc. surprised Wall Street with the announcement of the special “APE” dividend after the market closed on Thursday. This is, of course, a company that is no stranger to bold moves, as evidenced by the cinema chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, -5.37% earlier … Read more
/cloudfront-us-east-1.images.arcpublishing.com/gray/WAHJ7KDZ7JGNDPTTLVFNYV4TLQ.jpg)
LANSING, Michigan (WLUC) — Senator Ed McBroom’s legislation to allow communities to introduce an alternative means of transporting individuals with severe mental illness for involuntary hospitalization was signed Tuesday by Governor Gretchen Whitmer. “Involuntary mental health transportation is extremely expensive and potentially leaves communities, especially small UP communities, vulnerable for days at a time,” Senator … Read more
Whitehaven Coal Ltd. said Monday that full-year run-of-mine coal production was weaker year on year but at the top end of expectations. The company also said it expects to report its strongest fiscal result ever for the year through June, including earnings before interest, taxes, depreciation and amortization of approximately Australian Dollar 3.0 billion (US$2.0 … Read more
/cloudfront-us-east-1.images.arcpublishing.com/gray/BX7EZORWIVBDZCDGNSQ6OHU6XU.jpg)
HUNTSVILLE, Ala. (WAFF) – For all of us, maintaining our mental health is a lifelong journey, and the road you take may be different than the next person’s. That’s why Hudson Alpha hosted a roundtable on Thursday to address minority access to mental health wellness programs in Northern Alabama. The roundtable took place virtually and … Read more